Tag: murray_mcclune
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Former Financial Advisor Sentenced for Theft
Murray McClune, a former financial advisor, has been sentenced to three years and seven months in prison for stealing $1.7 million from elderly clients. He is also banned from providing financial advice.
BusinessLegalEconomyFinancial MarketsBanking Financial Markets AuthorityMurray McCluneFinancial AdvisorTheftSentencingMargot GatlandFinancial ServicesNZ Financial Markets Authority
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FMA Focuses on Conduct and Access in Financial Advice Sector
The FMA is prioritizing conduct impacting vulnerable consumers, fee transparency, and client asset protection. Forums will address the Financial Conduct Report, while a review of access to financial advice is underway. A former adviser pleads guilty to theft.
BusinessPolitics and GovernmentLegalFinancial Markets Financial Markets AuthorityFinancial Conduct ReportFinancial Advice Provider ForumsMurray McCluneFilcare Services LimitedFinancial ServicesRegulatoryNZ Financial Markets Authority
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Ex-Financial Advisor Admits Theft of $1.7M from Elderly Clients
Murray McClune, a former financial advisor, pleads guilty to theft after misappropriating $1.7 million from elderly clients, using the funds for personal purposes.
BusinessLegalFinancial MarketsLaw Enforcement Financial Markets AuthorityMurray McClunetheftfinancial advisorMargot GatlandfraudsecuritiesNZ Financial Markets Authority